The cost of batteries is one of the major hurdles standing in the way of widespread use of electric cars and household solar batteries. By storing surplus energy, batteries allow households to reduce power bought from the electricity grid. Unfortunately, batteries have so far been prohibitively expensive.
But research published recently in Nature Climate Change Letters shows battery pack costs may in some cases be as low as US$300 per kilowatt-hour today, and could reach US$200 by 2020. This cost development is notably cheaper and faster decreasing than I and many others expected.